When professional cyclist Phil Gaimon saw that interest rates had dropped in early March, he decided to call his mortgage broker, pronto. By March 28, Gaimon, 34, had locked in a rate of 3.375% for the two-bedroom, two-bathroom townhouse he purchased in the Los Angeles neighborhood of Toluca Lake in 2014—nearly a whole point less than his […]
Are you Seeking a Forbearance on your Mortgage?
Homeowners are asking for breaks on their mortgage payments in droves, as millions of Americans face the prospect of unemployment or reduced income because of the coronanvirus pandemic. But, requesting a forbearance on your mortgage isn’t foolproof. Watch out for the Red Flags. The $2.2 trillion CARES Act stimulus package requires servicers to provide forbearance — […]
Is Now the Right Time To Buy an Investment Property?
How Low Rates Can Help Investors Increase Their Buying Power With all the upheaval caused by the coronavirus pandemic, now might not seem like the best time to buy any type of real estate, much less an investment property or second home. But don’t rule out the idea completely. “With historic low rates, it is a […]
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